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Put IL TERMS AND CONDITIONS <br />See 1.(a) RRNTALRAZE-LeseashaLLpeylessorrduilarmual(ymdia <br />advmce for eadr sae a haetioa thaoofdnRoy t6aooatlmmra otmekue <br />at the rem otS3.00 f« wa Icate year, <br />(b) RNNTALCR£D[f§-Rentilahallnotbeuedieedagains[edDrcr <br />pmdttcdea «ratvance ruyatdufm my year. <br />Sec 2.(a) PRODUCT1ONROYALTIFS-2Lesoyalrys6a11 be &Opaoen[ <br />of the using oPtbe tbatss set Costh to the reyulativm. Royalties are due b <br />Lessor 15e Gnil day of the month weortdiny the rnlwdr rmNh )o vrhirh <br />themyahy obSytrtiam taaaurs. <br />ro) ADVANCfi ROYALT[!rC - Iipoe aequeet by she imeq rLe <br />authorized of6oa taay aaxq, t« s toml of ad more thm 10 years, the <br />Paymeatvfadyaace toyahiea inliw tdtootimxd t>pmadrvs, wim <br />the mgulatiom Tha advuta royalty ihaR be bacd as a paoeut of the <br />value of a atinirrmm atrmba ottoru detamioM ie themama rxnhlithed <br />by the advmce roytityregulatians is effort at the time the Iratm requests <br />apporil b pay advmx royaltia in lieu of omtiarsed operasice. <br />Stu 3. 11tNiDS -Lease shall milmaioin the lxoperoffia slate boodm <br />the amumt of tf,s9ypanThe anthairrd oHiaa may salons ahmarasem <br />Chia attrasmt wttm additional covaaye k daamined tgrptopriate. <br />Sea 4. DQlIiFNCR -This lease k sobjea m the eandttloo>t of ditigrrff <br />devdopmeat sad ootditmed opaatioo, except that these erwditiars are <br />esmred when oprnlioaa cords the lease ace m0asn(ged by sttr'Eeu, the <br />ekarnfs, «asuiltia tut attri6utabk m the lam. The lasm, is the <br />public in0aar. may snapmd the condltiao of ma~aed oPamvo apes <br />~paymwt oI sdvarra royalties m atxxadaoce with the tegulatians fn <br />eaistetrrs at the time ofinesuspeasim. I.esseaa failum b produra iuilia <br />corrmcadal gomtdet hY Ocwba 1,2005, shill teaminrc the lease. fates <br />shell submit m enratded operaioa and seclutotion plan purmmt m <br />Susan 7 0[ the Act (30 V.S.C 20T(c) within 3 yeah of dm dam of <br />modi5cadea or prinrm approval m Wr®mce asioboy oparotiaos. <br />The Lessor reserves the power to assent m a arils the glspeasan d the <br />rerm+andemdiuoaaofmiskaseinaooordaamwid>.Lnlg Yvai seUinn39 <br />of the hEaail Isadog A4 30 U.S.C. 209. <br />Sec. 3. LOGICAL MW WO IJIRT QMU) - F~npm apgoval by the <br />Lessor of me l.essccv applieuioa « K the duecdorr of me I.esm , thk <br />lease slvdl become mLldUorpnt otanLMU, wbjedb mep:wisiaot set <br />fathio meregolafieos. The «ipulatloos esa611shed1nmlMUappsovalin <br />rBeR il me lime of IMU approvil « moTifratim alit seprrscde the <br />rclevam httxmdstem tams of this kale so long as tix lease ttmild <br />commiRed m me IMU. ff We LMU Of whish mis lease it a part k <br />dcssdred, ma kale shill tbm be snbJect m the lease tams whidr tvoold <br />have bow appticd if the leasehad not been included ht m 1hdU. <br />Sea 6. DOC[IMEN7'S, EVIDENCE AND INSPEC11ON . A[ soeL limes <br />and m aueh Corm w Lessor mry preaacLe, rasa shall furnish d~ <br />atatemenk showiay the torosrnts and quality of all prodtreu ramved soil <br />sold ham the Rasa, the proeoeds thaeGom, coil Iha amoant used f« <br />pradratioa purpasm «nrutvoldabty lost <br />[.essees6allkeep opm esal/ teasoaable rims pu theiospediaaafanydniy <br />mdncired ~oSioa of Las«, the lased pmmisa sad aL surface sad <br />underground impmvcrawts, w«la, madditay, omataekplla, equipmw4 <br />and dl'baoks, aoconnu,maps, aadtet:mds ttdative b optratiow, surnrya, <br />«inrestigatiom m «mdrr the leued lands, <br />tessxe shall allow t.estoe acxss b gad copying of doamota reasonably <br />necessary m verify Lesaco wropliaoce with t®a pod coaditioas of the <br />lease. <br />-•, ~ , <br />_r'vr-f~ _~~:~ <br />2 • <br />1Vhikptislase ;t~Yppanpp~~mued~tbisaectioo <br />shall be elosedmi ` x~y iidtidcddboxwith the l4rrdomof <br />information Anion (5 U.S.C. 552). <br />Scc. T. DAMAOFS'110PROPFJtTYANDCONDUCf~OPERAT10N5- <br />Itsaeeshall amply at its own eapea+e wish all reasonable ardas of the <br />~Y, S ddillexopetaRwn, prevrndan of wasm, aadptotogion <br />of orbs raonmes. <br />r,.... shall oat ooadura eaptoruiaa operations. tuber than aural use. <br />without m eppmvpd raeplasatiw plan. All exploration pkw pdarsm the <br />wvaxacement ofminirig opaadauwirhinm approvedminingpamitaca <br />shag be mbmieed m the arNrorizid offma. <br />Lessee shag wry on all opetrirons in aaordtmce with apprond ra7hoda <br />and practioet ssprovided is the operatingregolatian.Lavins dun mgatd f« <br />she prevmfiaabfit0oryb life. beaRh, «propaty, mdprevtmtian ofaaste. <br />damage «dcgradat~oe my basil, air, wars, culhrraL 6ido6lnl, tistnl, and <br />other ravaaeea, iaduding mineral deposits sad fotmarians of miuail <br />deposits sot leased laereumder, s~ m Oder lartdnara «tuas. Lessee shall <br />take taeanaes doomed axsssuy by Lasmc.m aaompBah the intmr of this <br />kale term. Sarhmeumes orgy iacluda btu tut R~md t0. rnodi5atitxi to <br />proposed dtiog « deayo. of fadlitias, Hammy of aperatiooe, sad <br />spediicatiwaofiowimmrdfma[tecl~tionn Lasottar+xesm <br />itself the right b kale, sd1. «othawdse tlispoee of coo stefaoe «otha <br />mineral dtpodu k the lands and the ~ b Wgtioue existios wes sad q <br />atah«ire futnre uses opm«in the leasedL•mds, iachsdmy ianingleeen Ear <br />miaard deposits mtcovaedhaarnda coil alrpovhtg eas~fs a riyhts- <br />of-way.' /.nrot shall wuditiaBa such wet m pn:ved n~fy or <br />rmrasaoable hl[edaenm with rights of Itssa as may be ooasistmt vRm <br />wtcepts of rmltiple use and tmltipk taiaaal devskpmeM. <br />Sac. & YROlEC7'LON OF DIVERSE' RJIERFSIS, AND EQUAL <br />OPPORT(JNITY•LssseeshsR: paywhraduoaRtauelegaEyas«ssedaod <br />tevledundame lava ofthe Sboc«the Uoi6edStesns: accord all empiopees <br />complete freedom of pmduae; pay dl wages err ksst lwia earl month Ia <br />lawful ar~cyaf the Uaimd Smms; nsaforahra safe worldoy eaviroameat in <br />aocmdaoee wimatmdacd iadus4y praaiees:rrsoua the wablaymnotmae <br />moo Sharon inmymc dryfrcaodagiormdwodas, azapt inemngmoes: <br />sad tame tmasena nexasary to pmtea me heilm and safety of the public. <br />Noprs>rmnndathe ages of l6 yeas sbaRba enmloyedin mymkc bdowttw <br />aorfsoe Tome utmt lhat kws of the State m which the lords m simatad <br />aremare ratriOive menthe provisions is this pasagaph, thw theSntelaws <br />avNY~ <br />Lsaaee wRl comply wim ill psvvls;oos oP Eaecsrtive Order No. 11246 of <br />Separniba 24, 1965, ss amtadeQ sad me rakes, rcyulatims. and rdevaot <br />orders of doe SeaWry of Leh«. Neimalaaee aaLaset"s'su6cantractots <br />ahaD maintila atpsgated fadlitiec. <br />Sec. 9.(a) TRANSFERS - Thk lava may be tramfemd is whole «ie part <br />m aaylreaoo, aaaocation«cmpontloa quali5edblmW stuhkare inmmu <br />7rsosfets o[ taxed titk,'workmg oz royaty intaatt pal be approved in <br />an:aadaoce wish Ilw tegoistlma. <br />ro) RE[JNQIJLS1RSfF.Nls . Thel~ssee maymlinquiahio writing at <br />uty Lima sR tights coda dds Iwo «my portion dtereo[ ss protidrdm rho <br />mguktiom. Up~Irsaorsaazpraneeefl6e••u,•TsmmS,I.esssahaRbe <br />telieved of W future o6ligatioas under tiro lease «dle rilioquisicd portion <br />dtam4 whichcra k appliabk. <br />Soc. 10. DFY]VERY OF PREMISES, REMOVAL OF MACHINERY, <br />EQUIPMENT. S1C. - Atsuch times as all parriow ofmis lease aarstmned <br />m Iassor, Tattoo shall deliver up b Lsas« the land kaxd undagmsod <br />timbatog, and. suet orlon tuppata and atincrosas aeassary f« the <br />presavtudoe of the nvoe aorklags on the leased premises or dcpatik and <br />plan ill worl;ngsiatvoditioa forataspaosico ara~ndaammt )S"imia lSD <br />• <br />• <br />